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Whale Currently Shorting Shanzhai Cryptocurrency, Facing Floating Loss of $12.48 Million

Summary: According to Chain analyst Ai @ai_9684xtpa, a wallet address that previously used $2.82 million to leverage 14.81 million USDe for arbitrage has recently opened a long-short mixed position on Hyperliquid. The long position only includes BTC and AAVE, while the remaining 26 currencies are short positions, with only 38% currently in floating profit. The cumulative ...

According to Chain analyst Ai @ai_9684xtpa, a wallet address that previously used $2.82 million to leverage 14.81 million USDe for arbitrage has recently opened a long-short mixed position on Hyperliquid. The long position only includes BTC and AAVE, while the remaining 26 currencies are short positions, with only 38% currently in floating profit. The cumulative floating loss has reached $12.48 million, with XRP alone facing a high loss of $9 million.

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